RE: Cryptocurrency And Banks: Partners Against CBDCs
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CBDC will be a new weapon to fight against the CRYPTOS as many countries like China have already introduced it and India is going to make it as their recent announcement. But still, central control is crucial there, and with the existing system how they will integrate or make something unlimited supply as printing dollars? As well as FUDs are ongoing phenomena that make new millionaires and are always welcomed by crypto dwellers.
And my opinion, the CBDC will help crypto to grow faster if we don't have the standard for valuation of the crypto assets with the real world's currencies then the existence of cryptos has nothing to deal with!
Hope, such an ongoing situation will make more countries ponder the technology, especially third-world countries like my own country Bangladesh where billions are just theft from the country and they don't allow cryptos in the fear of mass theft!
!PIZZA
You can guarantee that CBDC’s are going to destroy the entire planet if they are implemented. If you think it’s bad in Bangladesh right now, just wait until you are mandated to spend all of your money with the threat of getting less next month if you don’t. These are all going to happen, and far, far worse if we allow people to foolishly cheer on this abomination.
Yeah, agree in such case but how you will disintegrate crypto from the stable coins which are based on usd! It can be further tightening of the space and destroying. But we can't stop that but make some debate. May be I am wrong but I Don't know what is waiting?
The USD is not in control of the government. That is the major difference. The USD operates outside the control of government or the Fed.
With A CBDC, you are seeing the power in the hands of the politicians.
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Thanks a lot for your information, I can now realize and know how filthy the politics is!